DoorDash in advanced talks to acquire Instacart, WSJ reports
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- DoorDash is in advanced talks to acquire grocery-delivery rival Instacart, with a deal potentially coming as soon as this week, The Wall Street Journal reported Monday, citing people familiar with the matter. The talks could still fall apart. Still guessing…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA possible roughly $17B acquisition involves two food-delivery stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01According to the WSJ, a deal could come as soon as this week.
- 02The deal could value Instacart at around $17B, a substantial premium to its pre-report value.
- 03DoorDash shares fell 5% on Monday, while Instacart shares rose 4%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
DoorDash, Inc.168.44 USDMarket closedtoday -6.10%Negative Maplebear Inc.60.88 USDMarket closedtoday +7.87%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets